Zai Lab Limited Unsponsored ADR ZLAB

24.98 (0.30) (1.19%) as of 25 Sep
Market cap
$2.9B
P/E
0.0×
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.07
Total sells 11.13
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — 1 — — — 1 — —
Sell 1 2 2 — — 9 10 3 5 — 3 —
Insider Ownership 6.15%

Capital & Financial Ratios

Market Cap 2,850.00
Revenue 449.61
Net Income (188.21)
Free Cash Flow (162.43)
Net Debt (479.42)
Current Ratio 2.13
Debt/Equity 0.39
P/E ratio 0.00
P/S ratio 6.21
P/B ratio 4.60
Past 5Y EPS Growth (3.18%)
This Y EPS Growth (38.94%)
Next Y EPS Growth 3.40%
Next 5Y EPS Growth 3.60%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 806 880 790 718
Receivables 59 85 106 70
Inventory 45 40 75 91
Other — — — —
940 1,050 1,019 914
2023 2024 2025 Q'26
Payables 113 101 142 137
ST’ Debt — 132 205 238
Other 83 59 64 49
203 299 416 429
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 56.54% 28.86%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% (9.36%) (11.88%)

Revenue

Mar Jun Sep Dec Year
’26 100 106 — — —
’25 106 110 116 128 460
’24 87 101 102 109 399
’23 63 69 69 66 267
’22 47 48 58 63 215
’21 20 37 43 44 144
’20 8 19 15 15 49
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (12) (63) — — —
’25 (62) (31) (32) (26) (151)
’24 (90) (42) (27) (56) (215)
’23 (69) (59) (55) (15) (198)
’22 (87) (45) (126) (109) (368)
’21 (169) (66) (161) (153) (549)
’20 (40) (52) (79) (44) (216)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (34) (65) — — —
’25 (66) (35) (36) (27) (164)
’24 (103) (43) (57) (74) (276)
’23 (73) (51) (53) (16) (193)
’22 (97) (49) (133) (114) (393)
’21 (171) (70) (167) (159) (568)
’20 (41) (53) (83) (50) (227)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.46) (0.46) — — —
’25 (0.45) (0.37) (0.33) (0.46) (1.60)
’24 (0.55) (0.82) (0.42) (0.80) (2.60)
’23 (0.51) (1.25) (0.71) (0.98) (3.50)
’22 (0.86) (1.44) (1.68) (0.65) (4.63)
’21 (2.64) (1.76) (1.01) (2.24) (7.58)
’20 (0.66) (1.47) (0.84) (0.88) (3.46)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— 20.67 14.29 21.01 38.64 49.41 20.98 22.35 13.48 16.82

Analyst estimates 2026–2028

Powerpack
Low Price
— 35.74 27.34 44.06 135.66 193.54 65.03 49.81 36.60 44.34
High Price
52 88 309 692 1,194 1,951 2,036 2,175 1,869 1,784
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
— — 0 13 49 144 215 267 399 460
Revenue
0.00% 0.00% 66.67% 71.13% 65.82% 63.80% 65.58% 64.08% 62.94% 58.47%
Gross Margin
(38) (50) (138) (194) (268) (703) (443) (335) (257) (178)
EBT
0.00% 0.00% (107,355.04%) (1,496.49%) (546.97%) (487.43%) (206.04%) (125.46%) (64.44%) (38.78%)
EBT Margin
(38) (50) (139) (195) (269) (704) (443) (335) (257) (176)
Net Income
0 0 1 3 4 6 6 6 8 10
Depreciation
0.00 0.00 0.00 0.20 0.63 1.55 2.24 2.76 4.03 4.20
Revenue/Sh
(3.97) (2.32) (2.64) (3.03) (3.46) (7.58) (4.63) (3.50) (2.60) (1.60)
Earnings/Sh
(3.41) (1.49) (1.85) (2.97) (2.78) (5.91) (3.84) (2.05) (2.17) (1.38)
Cash Flow/Sh
(0.24) (0.42) (0.19) (0.24) (0.14) (0.20) (0.26) 0.06 (0.62) (0.12)
Capex/Sh
(3.64) (1.90) (2.05) (3.20) (2.92) (6.11) (4.10) (1.99) (2.79) (1.50)
Free CF/Sh
(5.46) 10.81 4.77 4.58 15.06 14.84 10.91 8.24 8.50 6.53
Book Value/Sh
9 22 53 64 78 93 96 97 99 110
Shares
— — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PE Ratio
— — 0.00 292.51 183.76 40.50 13.74 9.44 6.50 4.20
PS Ratio
— — 0.00 13.05 8.99 4.24 2.83 3.16 3.08 2.70
PB Ratio
— — 0.00 272.01 163.10 30.78 9.08 6.44 4.62 2.93
EV/Sales
— — 1.27 (10.33) (41.15) (7.82) (4.97) (8.92) (6.67) (8.21)
EV/FCF
(32) (32) (98) (191) (216) (549) (368) (198) (215) (151)
Op' Cash Flow
(2) (9) (10) (15) (11) (19) (25) 6 (61) (13)
Capex
(34) (41) (108) (206) (227) (568) (393) (193) (276) (164)
FCF
79 219 220 246 1,118 1,308 984 737 751 603
Working Cap'
— — 4 6 5 6 7 — 132 205
Total Debt
(84) (230) (260) (269) (1,182) (1,403) (1,001) (806) (748) (585)
Net Debt
(52) 235 251 295 1,169 1,380 1,046 796 841 716
Sh' Equity
(72.95%) (29.77%) (50.42%) (59.37%) (32.54%) (48.46%) (31.33%) (29.66%) (23.14%) (14.89%)
ROA
0.00% (582.83%) 0.00% (504.40%) 0.00% 0.00% (572.08%) 0.00% (189.71%) (109.92%)
ROIC
107.30% (54.88%) (57.20%) (71.49%) (36.74%) (55.27%) (36.55%) (36.34%) (31.41%) (22.56%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Zai Lab Limited Unsponsored ADR peers in Biotechnology

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Zai Lab Limited Unsponsored ADR (ZLAB) key facts

  • Zai Lab Limited Unsponsored ADR (ZLAB) is a Biotechnology company in the Healthcare sector, traded in the US as an ADR.
  • Zai Lab Limited Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was HKD 460.2 million, up 15.3% from fiscal 2024.
  • Zai Lab Limited Unsponsored ADR reported a net loss of HKD 175.5 million, or a loss of HKD 1.60 per share, for fiscal 2025.
  • As of September 25, 2026, ZLAB traded at $24.98, a market capitalization of $2.9 billion.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 6.2× sales.
  • Return on equity was −22.6% and debt-to-equity 0.39.

Source: company filings (standardised) and stockrow calculations.

Zai Lab Limited Unsponsored ADR (ZLAB) Latest News

News by impact score

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20 Aug

3

argenx SE's global scale may provide a competitive edge over Zai Lab Limited Unsponsored ADR in key markets and operations. Comparison highlights potential competitive pressure on ZLAB from argenx's scale that could influence positioning and sentiment.

17 Aug

4

Zai Lab and argenx announce positive topline results from Phase 3 ALKIVIA trial of efgartigimod in autoimmune myositis. Positive Phase 3 results advance efgartigimod toward potential approval and strengthen Zai Lab pipeline in autoimmune disease.

13 Aug

3 transcript

Zai Lab Limited held its Q2 2026 earnings call, covering quarterly financial results and operational updates for ZLAB. Quarterly earnings calls deliver financial metrics and guidance that can shift near-term investor sentiment for ZLAB.

9 Aug

3

Zai Lab faces rising losses amid softer revenue, raising questions over whether its investment-led growth strategy remains viable. Rising losses and softer revenue may affect short-term investor sentiment around growth strategy but do not signal fundamental operational shifts.

3

Zai Lab (ZLAB) shares rebound after earnings while the undervalued narrative faces fresh tests. Earnings-driven rebound and valuation tests point to moderate influence on near-term stock movement and sentiment without altering long-term trajectory.

7 Aug

3 transcript

Zai Lab Q2 earnings call covered quarterly financial results, pipeline progress and operational updates. Q2 earnings data typically drive short-term share price moves without reshaping long-term strategy.

6 Aug

4 transcript

Zai Lab Ltd reports Q2 2026 earnings, spotlighting a global biopharma inflection point and U.S. expansion strategy that accelerates pipeline progress and commercial growth. Q2 2026 earnings call signals major inflection in global biopharma positioning that materially shifts Zai Lab's growth trajectory and investor outlook.

4

Zai Lab Limited reported second quarter 2026 financial results and recent corporate updates. Quarterly financial results and corporate updates can substantially move Zai Lab stock price and outlook.

3 Aug

4

U.S. FDA grants orphan drug designation to Zai Lab’s DLL3-targeting ADC Zocilurtatug Pelitecan (Zoci) for neuroendocrine carcinomas treatment. Orphan drug designation accelerates Zoci development and grants seven-year market exclusivity upon approval in neuroendocrine carcinomas.

30 Jun

4

Zai Lab Limited (ZLAB) gains EMA Orphan Drug Designation for DLL3-targeting cancer therapy. EMA Orphan Drug Designation grants regulatory incentives and exclusivity that accelerate therapy development and enhance ZLAB market prospects.

16 Jun

3

Zai Lab receives EMA Orphan Drug Designation for Zocilurtatug Pelitecan (Zoci) in Pulmonary Neuroendocrine Carcinomas. EMA orphan designation grants Zocilurtatug Pelitecan market exclusivity incentives and development support in a rare lung cancer indication.

8 Jun

4

Zai Lab obtained China NMPA approval for TIVDAK (tisotumab vedotin for injection) to treat adult patients with recurrent or metastatic cervical cancer. China approval for TIVDAK opens new revenue streams for Zai Lab in cervical cancer treatment.

6 Jun

3

Zai Lab stock drops 6% following leadership shake-up, shifting focus to 2026 data releases and raising questions on whether the bull case remains intact. Leadership change creates uncertainty around strategy and 2026 data that may moderately affect ZLAB trajectory and sentiment.

11 May

4

Zai Lab receives U.S. FDA Fast Track Designation for Zocilurtatug Pelitecan (Zoci), a DLL3-targeting antibody-drug conjugate, for treatment of extrapulmonary neuroendocrine carcinomas (epNECs). FDA Fast Track Designation accelerates Zoci's development timeline and regulatory review for epNECs, significantly enhancing Zai Lab's oncology pipeline and market prospects.

3

Analysts have cut their earnings estimates for Zai Lab Limited (NASDAQ:ZLAB), reflecting lowered expectations for the company's financial performance and growth outlook. Cut analyst estimates point to expected weaker financial results, influencing investor sentiment but not fundamentally altering long-term trajectory.

9 May

4

Zai Lab released Q1 earnings call highlights detailing financial results, pipeline progress, commercial updates, and forward guidance. Q1 earnings highlights disclose financial performance, pipeline advancements, and strategic guidance that significantly shape investor expectations and stock trajectory.

7 May

4

Zai Lab Limited (ZLAB) reported Q1 earnings, with key metrics indicating financial performance and operational highlights. Q1 earnings reports reveal core financial metrics that significantly influence investor sentiment and stock trajectory.

4

Zai Lab announced first quarter 2026 financial results, reporting key revenue figures, profitability updates, and recent corporate developments including pipeline progress and strategic partnerships. Quarterly financial results and corporate updates represent major strategic disclosures likely to alter investor sentiment and stock trajectory.

28 Apr

3

Zai Lab (ZLAB) valuation undergoes assessment after recent share price momentum and analysts resetting target prices. Share price momentum and analyst target resets indicate moderately noticeable influence on ZLAB's market sentiment and valuation trajectory.

26 Apr

4

Zai Lab showcased a 54% response rate for brain metastases with ZL-1310 ADC in small cell lung cancer (SCLC) during AACR investor call. ZL-1310's 54% brain metastases response rate in SCLC signals major clinical advancement boosting Zai Lab's pipeline value and investor sentiment.

19 Apr

4

Zai Lab (ZLAB) and Amgen (AMGN) partnered to evaluate a combination therapy for lung cancer. Partnership with Amgen boosts ZLAB's oncology pipeline through major strategic collaboration.

18 Apr

3

Zai Lab presented new preclinical data on ZL-1503, an IL-13/IL-31Rα bispecific antibody, showing rapid itch relief and inflammation reduction in atopic diseases. Preclinical results for a bispecific antibody targeting atopic diseases strengthen Zai Lab's pipeline and may boost investor sentiment, though early-stage nature limits immediate impact.

17 Apr

4

Zai Lab presented new data showing Zocilurtatug Pelitecan (Zoci) induces rapid and robust intracranial responses in small cell lung cancer patients with brain metastases, along with promising activity in other neuroendocrine carcinomas. New clinical data demonstrating strong efficacy of Zoci in brain metastases from SCLC addresses a major unmet need and could significantly boost Zai Lab's oncology pipeline value and stock performance.

15 Apr

4

Boehringer Ingelheim and Zai Lab announced a collaboration to combine a DLL3-targeting T-cell engager with an antibody-drug conjugate for treating small cell lung cancer and other neuroendocrine carcinomas. Major collaboration with Boehringer Ingelheim on DLL3-targeting therapies advances Zai Lab's oncology pipeline in high-unmet-need cancers.

14 Apr

4

Amgen and Zai Lab initiate trial testing DLL3 combination therapy, positioning Zai Lab's valuation as undemanding amid potential pipeline advancement. DLL3 combo trial partnership with Amgen advances Zai Lab's oncology pipeline significantly while its low valuation enhances investor appeal.

1 Apr

4

Zai Lab announces global clinical trial collaboration and supply agreement to evaluate novel DLL3 ADC Zocilurtatug Pelitecan in combination with bispecific T-cell engager therapy. Global collaboration advances Zai Lab's key oncology asset Zocilurtatug Pelitecan into combination trials, representing a major strategic pipeline milestone with potential to significantly enhance competitive positioning and investor sentiment.

31 Mar

3

JPMorgan cuts price target on Zai Lab Limited (ZLAB) to $32 from $39. JPMorgan's price target cut signals moderated growth expectations, potentially influencing short-term market sentiment and stock performance.

25 Mar

3

Zai Lab (ZLAB) stock undergoes sharp pullback, prompting valuation analysis that identifies a fair value gap suggesting potential undervaluation. Valuation review post-pullback highlights fair value gap, likely exerting moderate influence on investor sentiment and short-term performance.

17 Mar

4

Zai Lab to present new data on three internally developed oncology candidates at AACR 2026, including Zocilurtatug Pelitecan, a DLL3-targeting antibody-drug conjugate (ADC). Pipeline data presentation at AACR 2026 on internal oncology candidates, including a novel DLL3-ADC, signals significant R&D progress likely to enhance competitive positioning and investor sentiment.

27 Feb

4

Zai Lab released highlights from its Q4 earnings call, covering financial results, pipeline updates, and strategic outlook. Q4 earnings highlights detail financial performance, pipeline progress, and guidance that significantly influence stock trajectory and investor sentiment.

stockrow.com/ZLAB · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com